Akin to the saying that excess of everything is bad,
Too much of everything is indeed bad and we must be able to maintain a boundary or let let me put it this way that a limit to everything we are doing, if we don't want to risk losing our investment fund for nothing, we must be careful of the steps we take, the way we trade or invest, the time management as well as the risk factors all inclusive on whatever decision we are taking regarding bitcoin investment, it does not end up in making the first step, but taking the right path in doing so.
Thoughtfully on the other hand we can put efforts to invest as wide as possible but should always do our research and get our findings right about any asset b for moving onto investing in it and if it's the right asset with potential for huge profits maybe investing excessively might not be that bad because the returns will be coming in massively in the future after a waiting period.
It's good to do extensive research before investing, but if you can do research while you're accumulation Bitcoin, your research will be best on road to successful. Compared to spending time on research, you will build up your Bitcoin accumulation by observing the market and becoming a successful investor within 4-10 years. To expect proper results from Bitcoin investment, you should accumulation for the long term and continuously so that a large holding can be built up over that period. You should focus on making huge holdings rather than expecting huge profits because the expectation of profits can make you greedy to sell.
When you say excessively investment, it seems like you're talking about a lump sum investment. You can make lump sum buying from floating cash funds. This process is great for aggressive buying during dips.
There is no need to do much market research when investing or long-term investing. Because you do not do short-term investing or trading that you have to analyze the market and buy. You can buy at any time by adopting the DCA method. There is no guarantee that you will ever be successful by investing in Bitcoin. The Bitcoin market is very volatile, short-term investment has more risk than long-term investment.
If you have excess cash, you can buy during the decline. Because there should be no reason for us to increase our aggressiveness level by betting on Bitcoin's decline. Our regular cash flow improves by betting on our income growth and expense reduction.It all depends on the level of the reserve funds we have, that is to say there is nothing wrong increasing our level of aggressiveness provided it is within our supposed reserve funds for it and point of correction we don't bet on Bitcoin decline but rather we invest in Bitcoin even in decline as an advantage of buying more Bitcoin in a price lesser.
When determining the investment assets to be purchased, of course research is very good to do. But bitcoin is very different from other assets in this case, because basically bitcoin does not require too much research to be able to start investing. Because in essence we just need to know that bitcoin is an investment asset that only has a supply of 21 million and has a decentralized system, so it is very safe to store in the long term. I think knowing both of these things when you are going to start investing in bitcoin is quite good. Because basically if we want to learn more about bitcoin, this can be done when we have started investing or when we are in the accumulation stage. So there is no need to make it too complicated when you are going to invest in bitcoin, because bitcoin is an investment asset that can be said to be very simple but has strong quality and fundamentals at this time. So there is no need to hesitate to invest in bitcoin.
In addition, buying when there is a decline is indeed a pretty good thing too, but it should be remembered that it is good to do it when our accumulation stage has reached at least 80% of the initial target desired. Because if for example a beginner wants to apply a buying strategy when waiting for the price of bitcoin to drop, I think it is very inappropriate. Because bitcoin is an asset that has a very good level of development in terms of its price. So it is possible that the price will not drop too deep. That is why when beginners use a buying strategy when there is a decline, I think it is not appropriate.